President Grandpa found a new way to crush the oil industry and empower global state sponsored terrorism.
As gas prices soar around the country Joseph Robinette Biden has promised to raise taxes on petroleum companies.
President Joe Biden pushed for eliminating tax breaks for fossil fuel companies during a speech on Wednesday in Crystal Lake, Illinois, saying that extra tax revenue from those companies would help pay for his agenda.
Biden’s remarks come as fuel prices have skyrocketed across the U.S. under his administration.
“The national gas price average has increased 40% since the start of the year, from $2.25 on January 1 to $3.13 today,” AAA reported this week. “Moreover, it is not stopping there. Motorists can expect gas prices to increase another 10–20 cents through the end of August, bringing the national average well over $3.25 this summer.”
“I want to provide tax cuts for businesses and consumers who invest in clean energy technologies like renewables, battery storage, next generation aviation fuels, electric vehicles,” Biden said. “I want to set the clean electric standard that moves us to a fully clean and reliable grid.”
“If we end tax breaks for fossil fuels and make polluters pay to clean up the messes they’ve made, that would raise $90 billion,” Biden later added. “I’m not asking them to do anything that is unfair, just not going to subsidize them anymore. They’re doing well, thank you. And the messes they made, they should clean up.”
Photo: Getty Images North America
FAYETTEVILLE, NC - MAY 12: An out of service bag covers a pump handle at a gas station May 12, 2021 in Fayetteville, North Carolina. Most stations in the area along I-95 are without fuel following the Colonial Pipeline hack. The 5,500 mile long pipeline delivers a large percentage of fuel on the East Coast from Texas up to New York. (Photo by Sean Rayford/Getty Images)